At a time when people are worried about minimum balance rules, banking charges, and digital payment fees, the Reserve Bank of India has made an important decision. RBI has changed the rules for the Basic Savings Bank Deposit (BSBD) account, giving big relief to all bank customers. BSBD accounts will now be treated as normal … Read more
The Reserve Bank of India’s Monetary Policy Committee (MPC) has reduced the repo rate by 25 basis points, bringing it down from 5.5% to 5.25%. Governor Sanjay Malhotra announced the decision on Friday. This reduction means home loans, car loans, and personal loans will now become cheaper. As a result, EMIs will reduce, and people … Read more
The Reserve Bank of India (RBI) has released new rules for providing banking services through digital channels, effective January 1, 2026. These guidelines aim to strengthen customer protection, compliance, and transparency, while ensuring safer digital banking experiences. Banks will now face stricter approval processes, disclosure requirements, and grievance redressal standards. Why the New Rules Were … Read more
Suryoday Small Finance Bank has increased interest rates on its fixed deposits (FDs), offering an annual return of 8% on 5-year deposits. This rate is among the highest currently available in the market. The new rates came into effect from December 3, 2025. Both regular customers and senior citizens are eligible for this attractive 5-year … Read more
The Reserve Bank of India (RBI) has introduced new rules to make banking more inclusive and easier to use. The goal is simple: ensure every customer—especially those in rural and semi-urban areas—can access banking services without facing language barriers. Making Banking Customer-Friendly Under the updated guidelines, banks must follow a Board-approved policy covering customer service, … Read more
Many people open bank accounts to keep their money safe and earn good interest. Once we deposit our money, we feel secure. However, no one can predict when a bank might go bankrupt, which can put your savings at risk. If you want to ensure your money stays safe, this information is important for you. … Read more
The central government is preparing for one of the biggest changes in the banking sector. A new plan is underway to merge several public sector banks. If everything moves as planned, by 2027, India may have only four major public sector banks instead of the current twelve. The idea is to merge smaller banks with larger … Read more
Did you know that more than ₹67,000 crore is lying unclaimed in Indian banks as of June 2025? This huge amount belongs to people who forgot about their bank accounts or whose families never knew these accounts existed. If you or someone in your family has an old account that hasn’t been used for years, … Read more
If you are a senior citizen looking for a safe place to keep your savings and earn steady returns, a fixed deposit (FD) is a reliable option. But before opening an FD, it’s smart to compare interest rates offered by different banks. Here’s a quick look at which major banks are offering the highest FD … Read more
Banks across India will be closed for nearly 19 days in December 2025. The holidays are listed under the RBI’s Holiday Calendar and fall under the Negotiable Instruments Act. This means the holidays vary from one state to another depending on regional festivals and observances. However, one holiday will be common nationwide. All banks across … Read more
The Reserve Bank of India (RBI) has released draft guidelines to update credit scores every week. This is a major step to improve the country’s credit system. At present, banks and financial institutions send customer credit data to credit bureaus once a month or once every two weeks. After the new rules are implemented, these … Read more